My guess is that the two lollies were not leveled properly, and the weight of the 2nd floor shifted, causing increased pressure on other joists and a new set of problems over time. 

With that said, it is hard to capitalize on a 2-4 unit with current market conditions.  

The bank appraiser will take a number of things into consideration such as:* Sale prices of similar properties* Income the property brings in * Other details like condition, sq footage and etc.

They should be able to tell you target markets of renters, local market conditions of purchasers/sellers....who is paying for what closing costs, etc.#6 Not having an agent on your side typically does not save the seller any money....just means her agent gets probably double. 

We then asked for concessions and seller financing given appraisal fell short from what was expected due to the condition of one of the properties (the 8 unit) How did you finance this deal?

I did not expect a diagnostic fees because contract starts today.They are charging me $250 just for diagnosis:-( citing it's a pre-existing condition.

The truth is you can and will achieve your dreams if you take action towards them consistently, and no market conditions will be able to stop that unless America falls apart or becomes underwater. 

A solid PM is worth their weight in gold, and myself, owning investments remotely for 17+ years, I have some real horror stories to share.

I love the work I do but it just won't cut it for my family's future or the future condition of my body.

General condition issues like holes in the walls/issues with windows, broken flooring.